Stocks to watch: Keppel Reit, Sheng Siong, Clint, Far East Hospitality Trust, CDLHT

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 30):

Keppel Real Estate Investment Trust (Reit): Its manager on Tuesday announced a 3.4 per cent year-on-year decrease in distribution per unit (DPU) of S$0.028 for the half year ended June. Distributable income for the period dropped 1.9 per cent to S$106.9 million, despite net property income rising 7.7 per cent to S$96.8 million on the year. The counter closed Monday up 0.6 per cent or S$0.005 at S$0.88.

Sheng Siong : The supermarket chain posted a 7 per cent increase in net profit to S$69.9 million for the first half ended Jun 30, from S$65.4 million the year before. Revenue grew 3.4 per cent year on year to S$714.2 million, driven by a longer sales period before Chinese New Year, Sheng Siong said on Monday. Its shares closed flat at S$1.50, before the announcement.